Graduates Experience 15.6% Average Increase in Income
SCRANTON, Pa., Sept. 16 /PRNewswire/ — A recent survey conducted by Penn Foster, one of the world’s largest online career schools, shows an exceptionally high Return On Investment (ROI) for their career graduates despite these difficult economic times.
According to the survey, graduates of Penn Foster Career School diploma programs received an average 15.6% increase in their compensation after completing their program of study. Of those who reported an increase in their compensation, 31% received a salary increase of more than $5,000 and 19% received a salary increase of more than $10,000. In addition, 37% of graduates were promoted or accepted a new job.
The survey, conducted in June and July, showed the average Penn Foster Career School student earns back what he/she paid in tuition in just 2.4 months after graduation.
“The results that we’re seeing from the survey should come as great news for current and prospective Penn Foster students,” stated Stuart Udell, CEO of Penn Foster, “We’ve always worked under the premise that every student, regardless of income level, should have the opportunity to further his/her education, so we work very hard to make accredited, real-world training affordable to our students in terms of tuition and true Return on Investment. I believe the survey results bear this out.”
With the skyrocketing costs of education, students and graduates are overwhelmed with large tuition bills and loans that often take many years to pay off.
“Our graduate ROI metrics are incredibly high when compared to other online schools, said Udell, adding, “While most schools are forced to measure payback periods in years, we measure payback periods in months.”
Penn Foster Career School offers some of the most affordable career programs. In addition, students are offered 0% APR financing as well as customized monthly payment plans. This allows students to make an affordable investment in their future that can yield positive results in a very short period of time.
For more information on programs offered by Penn Foster, go to www.PennFoster.edu.
About Penn Foster
Penn Foster College, Penn Foster Career School, and Penn Foster High School are part of Penn Foster, Inc., a global leader in distance education. For more than 118 years, Penn Foster has been providing career-focused training programs in the fields of health care, business, technology, automotive technology, and select trades. Nationally and regionally accredited Penn Foster High School serves more than 40,000 online students seeking individual courses or a complete diploma program. Penn Foster Career School (www.PennFoster.edu) and Penn Foster High School (www.PennFosterHighSchool.com) are headquartered in Scranton, PA, with regional offices in Montreal, Canada.
CONTACT: Michelle Dempsey, Penn Foster, +1-570-961-4641, Michelle.Dempsey@pennfoster.edu